RBA Holds Key Rate at 12-Year High, Defying Global Easing
Breadcrumb Trail LinksPMN BusinessAustralia’s central bank held its key interest rate at a 12-year high on Tuesday as it struggles to subdue stubborn price pressures…
Markets lookahead: Global manufacturing PMIs, SNB, and RBA rate decision
This week is packed with key economic data and events, including manufacturing and services PMIs from major economies, alongside interest rate decisions from the Swiss…
Australia Retail Sales Jump, Boosting Case for RBA Hike
Breadcrumb Trail LinksPMN BusinessAustralian retail sales rose by more than expected in May with spending largely driven by discounts in the face of elevated borrowing…
Market lookahead: All eyes set on BoE, SNB and RBA rate decisions
Three central banks - the Bank of England (BoE), the Swiss National Bank (SNB), and the Reserve Bank of Australia (RBA) - are set to…
RBA governor Michele Bullock says federal government’s $300 energy bill rebate is unlikely to affect inflation
In short: RBA governor Michele Bullock said the federal government's $300 energy bill rebate is unlikely to lower inflation or risk pushing it higher.However, Ms…
Ken Henry knows a thing or two about federal budgets. His message for Jim Chalmers? Hold steady
There aren't many economists willing to depart from the line that Tuesday's budget must tighten the belt on spending and be "contractionary" to prevent another…
Can Australia pull off the once-impossible with jobs and inflation?
It's a miracle.At least, that's the thinking of a growing number of the world's greatest minds as they ponder the thorny subject of chucking people…
Inflation steady in January, below economist expectations of a bounce
Consumer prices rose 3.4 per cent over the year to January, steady at the same annual rate of inflation as in December. The bureau's head…
With Australia’s economy at a turning point, are the stage 3 tax cuts enough to lift the government’s political fortunes?
The Australian economy is at a turning point. When the Reserve Bank meets this week for the first time in 2024, it will be assessing…
Why it’s a good bet the RBA’s Melbourne Cup Day interest rate hike will be the last
Australia just became become the odd one out.At its meeting last week, the US Federal Reserve kept its official interest rate on hold. A week earlier, the European…
A rising number of households on the cusp of financial stress, but RBA says banking system isn’t at risk
Australian homes and businesses are vulnerable to financial stability risks as rising inflation and interest rates continue to pressure the global economy.Key points:Australia's financial system…
House price recovery picks up speed with sixth straight monthly increase, as property shortage continues to squeeze market
Australia's housing market is firmly in recovery mode as prices continue to rise, with cooling inflation and the likely peak of interest rates set to…
Inflation slows more than expected, chance of an August RBA interest rate rise reduced
Consumer prices rose 0.8 per cent over the three months to June, making a 6 per cent increase over the past year.The result is slightly…
High rental growth likely to ease from 2024 as RBA reaches end of interest rate hikes
High rental growth is likely to ease from next year as the Reserve Bank of Australia signals it is near the end of its current interest…
We’re getting a new RBA boss. What that does that mean for interest rates?
The Reserve Bank of Australia (RBA) Governor Philip Lowe won't be in the role for much longer. Mr Lowe became an unpopular figure in the past…
Will the Reserve Bank of Australia’s rate hike number 13 finally sink the economy?
The floor has been littered with shards of crystal in recent months as the economic soothsayers have routinely miscalled the Reserve Bank of Australia's next…
Profits, pay and productivity. Who is to blame for inflation?
The blame game is on in earnest.As the debilitating impact of a dozen rate hikes in a little over a year has begun to hammer a large…
Under 35s cutting back while older Australians increasing spending as cost-of-living pressure rises
There Is a "sharp divide" in how Australians are spending their money as cost-of-living pressures hit households unevenly, a report based on the financial data of…
RBA boss Philip Lowe defends shock interest rate rise, saying ‘there is a limit’ to inflation patience
Just a month after the Reserve Bank of Australia (RBA) kept rates on hold — to assess the economic fallout from an unprecedented string of…
House prices rise for the second month in a row as rents keep rising due to low vacancy rates
Australian property prices have risen for the second month in a row, suggesting a downturn in the nation's housing market has come to an end…